The expansion plans are expected to cost Rs 22.01 crore and will be financed through an issue of Rs 20.63 crore, allotment to promoters and associates aggregating Rs 41.25 lakhs and internal accruals of Rs 97.25 crore. The equity shares of Rs 10 each will have a a premium of Rs 56 per share.

The company is planning to set up a wholly owned subsidiary in the US, in the state of Delaware, for marketing off-shore development activities and on-site consulting. "We have been permitted to invest around $47,000 initially in this project, which will actively pursue on-site consulting," said STG chief executive Narendra Saxena. Other foreign destinations will include UK and Australia.

STG is investing around Rs 8 crore to set up a development centre in Gurgaon, which will also house the company's corporate headquarters. The facility, having a development team of around 55 people, is expected to be ready by June next year and will take up support activities for software development and content creation for the company's courses.

The company is establishing training centres in Western India at Mumbai, Ahmedabad and Pune. The Mumbai centres will be at Ghatkopar and Andheri.

STG is looking at a future training-software development business ratio of 40:60, says Saxena. The company, which started its development activities in 1995 has executed projects for Gas Authority of India. It has also undertaken ERP implementation, and energy management solution development for UK based PRI UK. "This software can predict consumption trends in energy," Saxena said.

STG has alliances with technology majors such as Microsoft, Lotus, IBM, Oracle, Sun Micrososytems for training and Sylvan Prometric for on-line testing. The company has a network of 125 franchise centres in India and an international training centre in Abu Dhabi.

Saxena said that the company believed in franchisee based model for education. The network will be expanded abroad with centres in Singapore, Malaysia, Ghana, Nigeria, Qatar, Sri Lanka and Nepal.

While comparing its curriculum with some of the existing educational majors, Saxena said that STG's indepth traning and content would be the difference. "A person trained in our courses has far greater chances," he claimed.